Across
- 2. an example would be Pepsi and Coca Cola
- 4. occurs when there are not enough resources to satisfy human wants
- 8. consists of all goods and services in order for society to function
- 9. desire and ability to produce& sell a product
- 11. a system in which society usually in form of the government owns and controls production
- 13. two good that are bought and used together
- 14. a side effect of a product that affects someone other then the seller or buyer
- 16. goods provided by public governments
- 19. is the study of how societies satisfy wants with limited resources
- 20. any arrangement that allows buyers and sellers to exchange things
- 22. describes that is not sensitive to change
Down
- 1. government in which one leader or group holds absolute power
- 3. money left over after all overhead costs
- 5. theory or system in which where all property is ascribed to the community
- 6. are desires that can be satisfied by consuming a good or service
- 7. are things necessary for survival
- 10. ideal model of a market economy
- 12. a group that acts together to set prices
- 15. occurs when there is only 1 seller in. a market
- 17. government programs that protect people
- 18. desire to own something and the ability to pay
- 21. describes demand that is sensitive to change